Thanks 1MFT for another good video. Unfortunately for me in almost all entries price does not break correction channel line easily in first time(your first entry) or does not break TL with one simple strong candle instead it has too many fake outs and traps and when it moves which I am out. I have got trapped many times in these conditions and need to work more on my entries to be like you. I would appreciate if you make more videos on psychology and mindset for traders which have too many failures and how to stop trading when it is the time to stop. Also sound quality seems noisy a little. Again thanks for it. As always keep it up!
Thanks, A. Nad, there were some background noise while recording today.. Timing the entry takes the most time to master it.. and need a lot of screen time of the same type of setups and have a good feeling of the momentum of the price action.. Always try to see that momentum or rush or could be the fake out and seeing the stops running etc.. right before the entry you are planning to do.. Not always but most of the time these are the key giveaways and takes time to realize these with the price action.. It is not just bars breaking the trend lines and we are trying to enter it. We need that story behind it.
For the past 10 days the MES has been nothing but range bound. It's like the market cannot make up it's mind on what to do I am just been sitting on the sidelines.
I usually do not set a fix profit target for the day, instead I look for the setups in a certain time period and if I do not see it than no trade for that day, some days more setups than the others, at the end it works out for me. Amounts will be really different for each trader and account sizes, but with 5 micros $500 - 1k range can be a good time to stop trading IMO..
Thanks 1MFT for another good video. Unfortunately for me in almost all entries price does not break correction channel line easily in first time(your first entry) or does not break TL with one simple strong candle instead it has too many fake outs and traps and when it moves which I am out. I have got trapped many times in these conditions and need to work more on my entries to be like you. I would appreciate if you make more videos on psychology and mindset for traders which have too many failures and how to stop trading when it is the time to stop. Also sound quality seems noisy a little. Again thanks for it. As always keep it up!
Thanks, A. Nad, there were some background noise while recording today..
Timing the entry takes the most time to master it.. and need a lot of screen time of the same type of setups and have a good feeling of the momentum of the price action.. Always try to see that momentum or rush or could be the fake out and seeing the stops running etc.. right before the entry you are planning to do.. Not always but most of the time these are the key giveaways and takes time to realize these with the price action.. It is not just bars breaking the trend lines and we are trying to enter it. We need that story behind it.
@@1minutefuturestrader yes you are right! screen time and experience have the most effect on timing the entries, Thanks for clarification.
For the past 10 days the MES has been nothing but range bound. It's like the market cannot make up it's mind on what to do I am just been sitting on the sidelines.
Yes, agreed, it has been on the sideway lately after the bull run.
can you show the time of day so i can follow as the video plays, thanks in advance
Hello, it should be from 6/22/2023
Nice one! I've a question. If I'm day trading 5 Micro ES to grow my small account, what is the realistic target profit I should aim per day?
I usually do not set a fix profit target for the day, instead I look for the setups in a certain time period and if I do not see it than no trade for that day, some days more setups than the others, at the end it works out for me. Amounts will be really different for each trader and account sizes, but with 5 micros $500 - 1k range can be a good time to stop trading IMO..
@@1minutefuturestrader i see. I'll keep that in mind. Thank you.
what is ur vwap settings - on my end i see a lot of lines.. but on ur end just one line
I only use middle line, and disable upper and lower vwap lines
Good to see you live stream in the future hopefully
Thank you for the feedback Alex 👍
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